SPDR S&P 500 ETF Trust Three-Month 90/110 Implied Volatility Signs of stability are emerging in the S&P 500 Index after the sharp correction, as traders abandon bets on further significant declines, reflecting growing confidence in the market. Image: Bloomberg
SPY S&P 500 ETF – Day vs. Night Price Returns The S&P 500 loves the night. Since 1993, the real profits have been made outside regular trading hours. Image: Lohman Econometrics
S&P 500 ETF (SPY) Average Daily Percentage Change by Weekday: 2019 On average this year, returns on Mondays were lower than every other day of the week. The weekend effect persists this year and is an anomaly. Image: Bespoke Investment Group
Short Interest on the Largest S&P 500 ETF Is at the Highest Since 2015 Keep in mind that the S&P 500 Index is only 5% away from its all-time high. Image: Bloomberg
The Short Interest in the S&P 500 ETF (SPY) to Lowest Since Late 2017 Is it a contrarian indicator? Only time will tell… The market is strong and historically, the 3rd year of a president’s term is positive (91% of the time since 1925). Source: Hedgopia
S&P 500 – Short Interest on the SPY and QQQ U.S. ETFs Low short interest in the SPY and QQQ U.S. ETFs suggests little speculation on price declines, which affects market dynamics by lowering the potential for a short squeeze. Image: J.P. Morgan
S&P 500 and Leveraged Long vs. Short ETF Volumes The degree of activity in leveraged long vs. short U.S. equity ETFs has experienced a substantial decline as sentiment shifts. Image: Topdown Charts
Stocks – S&P 500 Growth ETF Despite their previous momentum, U.S. growth stocks are currently facing challenges in reaching new highs. Image: BofA Global Investment Strategy
S&P 500 – Quantity-On-Loan on the SPY U.S. ETF This short interest proxy on SPY US ETF has increased significantly since the FOMC meeting. Image: J.P. Morgan
MSCI ACWI Ex. U.S. ETF and ACWI Ex. U.S. Relative to S&P 500 The 3-year bear market for global equities ex. U.S. is over. Image: Strategas Research Partners
S&P 500 (SPY ETF) and Barrels of Oil The long stocks/short oil trade has been a winning strategy since 2008. Image: BofA Global Investment Strategy